Coinbase Global, Inc. (NASDAQ:COIN) Director Sells $368,142.78 in Stock

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Coinbase Global, Inc. (NASDAQ:COIN) Director Kathryn Haun sold 1,758 shares of Coinbase Global stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $209.41, for a totalidade transaction of $368,142.78. Following the transaction, the director now owns 95,630 shares in the company, valued at approximately $20,025,878.30. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Coinbase Global Stock Performance

Shares of NASDAQ COIN opened at $205.77 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $49.85 billion, a P/E ratio of 762.11 and a beta of 3.14. The firm’s fifty day moving average is $152.44 and its two-hundred day moving average is $114.77. Coinbase Global, Inc. has a 52-week low of $46.43 and a 52-week high of $212.22.

Coinbase Global (NASDAQ:COINGet Free Report) last announced its quarterly earnings results on Thursday, February 15th. The cryptocurrency exchange reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $1.13. The company had revenue of $953.80 million for the quarter, compared to the consensus estimate of $826.10 million. Coinbase Global had a net margin of 3.05% and a return on equity of 3.54%. Coinbase Global’s revenue for the quarter was up 51.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.46) EPS. As a group, analysts anticipate that Coinbase Global, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COIN. Piper Sandler lifted their price target on shares of Coinbase Global from $125.00 to $165.00 and gave the stock a “neutro” rating in a research note on Friday, February 16th. Keefe, Bruyette & Woods upgraded shares of Coinbase Global from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $93.00 to $160.00 in a research note on Friday, February 16th. TheStreet upgraded shares of Coinbase Global from a “d” rating to a “c-” rating in a research note on Friday, February 16th. Mizuho lifted their price target on shares of Coinbase Global from $60.00 to $84.00 and gave the stock an “underperform” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer lifted their price target on shares of Coinbase Global from $160.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Coinbase Global currently has a consensus rating of “Hold” and a consensus price target of $128.19.

Read Our Latest Report on Coinbase Global

Institutional Trading of Coinbase Global

Several hedge funds have recently made changes to their positions in the business. Creekmur Asset Management LLC purchased a new stake in shares of Coinbase Global during the 4th quarter valued at about $27,000. Syon Capital LLC purchased a new stake in shares of Coinbase Global during the 4th quarter valued at about $289,000. Integrated Advisors Network LLC raised its position in shares of Coinbase Global by 1.7% during the 4th quarter. Integrated Advisors Network LLC now owns 5,775 shares of the cryptocurrency exchange’s stock valued at $1,004,000 after buying an additional 96 shares in the last quarter. Gordian Capital Singapore Pte Ltd raised its position in shares of Coinbase Global by 9.7% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 3,386 shares of the cryptocurrency exchange’s stock valued at $589,000 after buying an additional 300 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in shares of Coinbase Global during the 4th quarter valued at about $53,000. 45.96% of the stock is currently owned by hedge funds and other institutional investors.

Coinbase Global Company Profile

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Coinbase Global, Inc provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.

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Insider Buying and Selling by Quarter for Coinbase Global (NASDAQ:COIN)

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